-
AMC gains as major market theaters prepare to reopen
Sep. 11, 2020 8:40 AM ET|About:
AMC Entertainment Holdings,... (AMC)|
Boy Do We Need A Star Wars!) ) ) The question of the movies and their future it's riding on us right now. Listen I've hated going to the movies since the bed bug problem. If you don't know about that don't ask. Reclining chair fans. But yea it's American and we have to save our theaters NOW! I mean it someone has to make a movie worth going to the movies-- taking that risk--
Some things will be better. How many times have you had a nice center seat and some annoying person sits right next to you when there are options! And you are stuck! because the overwhelming urge is to jump up and take a open seat to make a point but then that dude won! he's in the center and you are off to the side.
I've had two or three transformational moments at the movies.
1) Apocalypse Now. It's old. Saw that at the great Ziegfeld in NYC that had a super bumping sound system. The sound in Apocalypse is off the charts (Walter Murch-- college friend of my Mom) I saw that movie sitting next to a Vet with a shaved head-- total Military dude well he almost went into shock. They were preying his fingers off the chair at the end. That scene with the water skiing and the Stones followed by the attack by the helicopters with the Wagner Flight of the Valkyriesp film has never been so good.
2) Rocky 1. saw Rocky on 86th st big Art Deco theater I think it's gone now-- Folks were standing in their seats like an actual boxing match and screaming at the screen it was nuts!
3) American Beauty. Weird one but after a long stretch of hating movies I was totally in the moment with this film. It took me to a place of weirdness and had fun there.
AMC Entertainment (NYSE:
AMC) is
resuming operations in multiple major markets with 35 theaters reopening this week in New Jersey, Maryland, and Orange County, California.
Three locations will open today in Orange County and a fourth tomorrow, marking the first AMCs to reopen in the greater Los Angeles area since March.
As of tomorrow, nearly 80% of AMC's U.S. circuit will have reopened, up from the 70% last weekend.
Earlier this week, AMC shares jumped after the company revealed U.S. attendance had exceeded 1M in less than three
weeks of opening.
AMC shares are up 3.2% pre-market to $6.13.